I'm a stacker. I'm constantly looking at silver and gold prices, the spread, inventories, premiums, derivatives in SLV, etc, etc.
The obvious trend since SVB went down was a move to towards safer assets, let it be a "too big to fail bank (lol)", government securities (lol), and precious metals. Premiums on 1 oz silver rounds (generic) are nearly $5 anywhere you look. My local coin shop (LCS) was charging $4.75 per ounce over spot on generics, which is actually lower than the vast majority on JM bullion and SD bullion.
With silver spot being 24.25 as we speak, a $5+ premium is nearly a 20% premium on the price. Higher premiums almost always mean high demand and low supply. Inventory on the comex is dropping at a pretty staggering rate (277 million oz left) and the entire comex could be drained with a mere $6.6 billion dollars.
My LCS said it's been insane since the banks began to fail. Way more buyers than sellers.
The price of silver specifically has been artificially suppressed by the big banks through derivatives and artificial contracts traded amongst the big banks. As inventory continues to drain, the dollar falls, BRICS grows it's membership, and uncertainty remains, precious metals SHOULD skyrocket.
Ultimately, I don't invest in PMs are a get rich quick scheme, but they really are a great store of value. Not investment advice, but holding silver and gold, while you can still get it, could be an answer to rapidly rising inflation.
I'm with you on that. I NEVER saw my silver as an "investment" in the sense that I would buy low and sell high. If I did that, I would just be exchanging silver for a larger amount of fiat (worthless) currency.
Nope, my silver was put away, safely, and "forgotten about" against a time of financial crisis when the dollar fails and silver (and gold) are the only means to buy needed things like food and gasoline.
It also helps to have sufficient lead to protect said silver and gold. Just sayin'...
What about other metals? I bought a little platinum, but also a roll of lead (from home depot) & I'm thinking of maybe getting some tin & copper. Metals we might need if things go down
few years ago, saw copper bullion at good price, so spent $50 for 10 x 1lb blocks...NOW that price for same thing is around $250...